4-Hour Time Frame (4H)
Current Price: 158.81 USDT
Resistance Levels:
163.05 USDT (2.37% from current price)
174.92 USDT (9.82% from current price)
191.55 USDT (20.26% from current price)
Support Levels:
149.26 USDT (-6.29% from current price)
136.18 USDT (-14.5% from current price)
123.84 USDT (-22.25% from current price)
Analysis:
Bullish Scenario:
If SOL manages to break the 163.05 resistance, the next major resistance would be 174.92, followed by 191.55. This could indicate a strong upward trend if accompanied by good volume.
Bearish Scenario:
If SOL fails to maintain above the 158.81 level and breaks below 149.26, the price may decline to the 136.18 support zone.
1-Hour Time Frame (1H)
Key Observations:
Look for potential pullbacks towards 149.26 for buying opportunities if the price shows signs of recovery around this area.
Daily Time Frame (1D)
Key Observations:
The daily chart is important for understanding the overall trend. If SOL has been in an uptrend on the daily chart, the pullbacks on the lower time frames (1H and 4H) could present buying opportunities.
Pay close attention to the daily close. If SOL closes above 163.05, it could signal a continuation of the uptrend.
Summary:
Short-term (1H): Watch for pullbacks and potential support at 149.26.
Mid-term (4H): Key resistance at 163.05; a break could lead to 174.92.
Long-term (1D): Daily close above 163.05 could signal bullish continuation.
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